Apple App Developers have Generated $70 Billion

Apple is touting the fact that App Store developers have generated over $70 billion dollars since it launched. Given that Apple takes a 30% cut of each sale, including in-app purchases, the App Store’s all-time revenue has likely passed $100 billion.

What most people do not understand about the App Store ecosystem is that Apple created an entire end-to-end infrastructure to create and distribute the apps, all the way from designing and releasing the applications used to program them – and even making their own programming language to boot – hosting said apps on their servers, designing the operating system used to run the apps, and last but not least designing and producing the actual hardware devices that run them.

Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about audiobooks and e-readers for the past ten years. His articles have been picked up by major and local news sources and websites such as the CNET, Engadget, Huffington Post and Verge.